Applicability of interest - RCM invoice
Priya Darshini (14 Points)
07 November 2019
What is the time period to pay RCM invoice? is it 60 or 180 days and what is the rate of interest charged
2 Replies
Surjeet Negi
(947 Points)
Replied 07 November 2019
In case of reverse charge, the time of supply shall be the earliest of the following dates: The date of payment. The date immediately after 60 days from the date of issue of invoice by the supplier.
so the time of payment is 60 days and interest is charged at 18%.
so the time of payment is 60 days and interest is charged at 18%.
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